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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #118,041
  • Sep 10, 2012 4:18pm Sep 10, 2012 4:18pm
Hello,

Simple, my sl wan't hit , best, Rosa.

Quoting Chanya
Close it ... Mine was closed at BE this morning ... Why have you held it till now ???
  • #118,042
  • Sep 10, 2012 4:21pm Sep 10, 2012 4:21pm
Quoting Rosa
Hello,

Simple, my sl wan't hit , best, Rosa.
You don't go BE ???
Human
  • #118,043
  • Sep 10, 2012 4:26pm Sep 10, 2012 4:26pm
Hello,

Price go up only 20 pips from my entry so didn't set be , best, Rosa.

Quoting Chanya
You don't go BE ???
  • #118,044
  • Sep 10, 2012 4:27pm Sep 10, 2012 4:27pm
Quoting Rosa
Hello,

Price go up only 20 pips from my entry so didn't set be , best, Rosa.
Okay ...
Human
  • #118,045
  • Sep 10, 2012 4:35pm Sep 10, 2012 4:35pm
Something is coming ... New super Hero Corn-man !!!
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Human
  • #118,046
  • Sep 10, 2012 4:44pm Sep 10, 2012 4:44pm
Quoting Chanya
Something is coming ... New super Hero Corn-man !!!
Nice !
  • #118,047
  • Sep 10, 2012 7:40pm Sep 10, 2012 7:40pm
125.22 Weekly Close
4hr chart
Nice double bar, join them and you got a pinbar formation on 4hr shown in red.
Daily chart
Last day candle looks like a "wannabe" pinbar which did close above 125.00 and tested the below 125.00 area which to me is indicates resistance switching to support.
Descending trendline broken.
Opened trade at 125.13 with sl at 124.80 (but will watch the trade for the next couple of hours ).
First target : 127.00 area.


Lets see how it works out !
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  • #118,048
  • Sep 10, 2012 8:37pm Sep 10, 2012 8:37pm
Another insomnia creation:

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I don't need easy. I just need possible.
  • #118,049
  • Sep 10, 2012 8:43pm Sep 10, 2012 8:43pm
Quoting Donkey
. Checking trade before work this am, price to FTA, risk reduce per trade plan.
Took full profit at 1.0395 as Friday came to a close. Around +0.8R on the trade.
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  • #118,050
  • Sep 10, 2012 8:49pm Sep 10, 2012 8:49pm
Quoting Donkey
I personally prefer GBPJPY due to more space and the BRN. waiting for price to come back to he highs.
This trade triggered Friday and when the daily closed below the weekly level that I was watching I manually closed the trade as this indicated my projected support area was no longer valid. Took a 0.2R loss on this one.
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  • #118,051
  • Edited 9:42pm Sep 10, 2012 8:51pm | Edited 9:42pm
Quoting Rosa
Hello,

Close it or not ?.
See my trade above on GBPJPY from Friday. If I were in that trade I think it's a manual close for me as the daily candle looks to have closed below the level that you were anticipating acting as support.

Just my 2 pips worth.
  • #118,052
  • Sep 10, 2012 9:16pm Sep 10, 2012 9:16pm
my view on EURGBP
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  • #118,053
  • Sep 10, 2012 10:02pm Sep 10, 2012 10:02pm
Pattern to watch on GBPCHF....would much prefer the horizontal support on the BRN, but the pattern looks pretty clean to me.
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  • #118,054
  • Sep 11, 2012 1:41am Sep 11, 2012 1:41am
Quoting Chanya
Close it ... Mine was closed at BE this morning ... Why have you held it till now ???
Why should close this? Please explain it.
Mától én vagyok a Soros!
  • #118,055
  • Sep 11, 2012 1:50am Sep 11, 2012 1:50am
Hello,

Did I something wrong ? Stopped at SL (below daily pin) .
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  • #118,056
  • Sep 11, 2012 2:05am Sep 11, 2012 2:05am
Quoting Rosa
Hello,

Did I something wrong ? Stopped at SL (below daily pin) .
Hi Rosa,

This one was on my WL too, but I was concerned by the fact that the pinbar is small, compared to the overall down trend (at least in my opinion...).
Moreover, though I wouldn't have consider this to take a short position, yesterday's candle and the one of the day before both closed below previous LCS (I agree, the close was weak, that is why I did not enter short either)...

I agree, it is far easier to analyse why it did not work after the fact...
I'm also facing some difficulties to balance the pros and cons of each trade...

As they say, keep watching...
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Slow & steady
  • #118,057
  • Sep 11, 2012 2:11am Sep 11, 2012 2:11am
Quoting Gogolak
Why should close this? Please explain it.
1.25 RN and 1.2485 something previous minor HCR did not hold as support.
At least, this is what I was waiting for before entering...
Slow & steady
  • #118,058
  • Sep 11, 2012 4:13am Sep 11, 2012 4:13am
Quoting DaGrizlyBull
Another insomnia creation:

Attachment
Hey DGB,
be careful seeing things you want to see. Sometimes they are not there
You have just two highs with NO divergence. You want to see the opposite

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  • #118,059
  • Sep 11, 2012 4:18am Sep 11, 2012 4:18am
Anyone here a member of the Private Forum ? Im trying to find out some info from current or past members before I sign up. If anyone is, can you tell me what the Private Forum offers in regards to trading psychology. Seems as if I have a problem with this aspect of trading. I know they have a a guy - fijitrader, who does phsychology but to be honest I wasnt too impressed with the videos in the guests section. Any info would be great.

Cheers
Dan
  • #118,060
  • Sep 11, 2012 5:03am Sep 11, 2012 5:03am
Quoting dan89
Anyone here a member of the Private Forum ? Im trying to find out some info from current or past members before I sign up. If anyone is, can you tell me what the Private Forum offers in regards to trading psychology. Seems as if I have a problem with this aspect of trading. I know they have a a guy - fijitrader, who does phsychology but to be honest I wasnt too impressed with the videos in the guests section. Any info would be great.

Cheers
Dan
hi Dan,
i'm a former member of the j16 pf. the pf does not offer anything more (at least when I was a member less than one year ago) than the public former on the subject of trading psychology.

have you read anything from Mark Douglas? "The Disciplined Trader" and "Trading in the Zone" are two must reads I would suggest.

cheers,
Allan
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